Netflix CEO joins Facebook board

By Laurie Bennett

June 23, 2011 at 4:34pm

The announcement Thursday that Netflix Chairman and CEO Reed Hastings was joining Facebook’s board immediately pushed up the Netflix share price.

If Facebook were a public company, we would no doubt see a similar spike.

Hastings has guided Netflix from a small DVD-by-mail firm to a mammoth company with more than 23 million North American subscribers.

Facebook, which claims more than 500 million active users, is expected to go public within the next year.

The appointment puts Hastings, already a powerhouse among tech execs, into a web of influence that few can match. He also sits on the Microsoft board.

Other Facebook directors are Netscape founder Marc Andreesen; venture capitalist Peter Thiel; Washington Post Co. Chairman Donald Graham and Accel Partners managing partner James Breyer.

Follow Muckety on Twitter Tweet This! Share on Facebook

Click here to sign up for the Muckety Newsletter

This post is tagged with: , , ,
 Read related stories: Business · Recent Stories  


  • There are no comments yet, be the first by filling in the form below.

Leave a Comment

The relationship map to the left is interactive.
• Solid lines are current relations. Dotted lines are former relations.
• Expand items with + signs by double-clicking or by selecting multiple items in the map and pressing the "e" key.
• Move an item in the map by clicking and dragging.
• You can also delete items, separate boxes and save maps. Right-click on the map or select Map Tools for these options.
• Find out more about an item in the map by right-clicking on the item and choosing Information about...
• View map color key.
• This interactive map requires Flash player.

Become a fan of Muckety on Facebook

  • Search for stories
    Special Features

Follow Muckety on Twitter Follow Muckety on Twitter
Muckety has no direct connection to most of the people or organizations listed on these pages.
We are unable to forward personal messages or provide personal contact information.
We make every effort at Muckety to ensure that our data is correct and timely. However, relationships are in constant flux and we cannot guarantee accuracy. If you come across incorrect or outdated information, please let us know by email.
© 2018 Muckety LLC